Your First Order? The incorporator's function typically ends with the filing of the articles of incorporation. For example, state laws usually require articles to state the purpose of the business and outline the rights and responsibilities of members or shareholders. Every day at wikiHow, we work hard to give you access to instructions and information that will help you live a better life, whether it's keeping you safer, healthier, or improving your well-being.
Name a registered agent and include a registered address. The duration is the length of time, in years, that your corporation will operate. If you are not aware how to write such documents, it is better to use an article writer for hire. Other initial tasks include electing a board of directors and adopting bylaws. The articles of incorporation list the total number of shares of stocks that are issued, who the stocks are issued to and how many shares of stock are issued to each person. The corporation will have a perpetual existence, unless dissolved by the officers, directors or shareholders, or by operation of law. The Incorporator has only one responsibility – to sign an article of incorporation, fees for filing articles of incorporation can be different. Write out the purpose for the business. After that event is over, the corporation will be dissolved. Provide Your Company’s Basic Information; 2.
In Article VI, you list the incorporators’ names and addresses. Although you can amend articles of incorporation, it requires filing additional forms and paying more fees, so you may as well spend time getting them right the first time. If so, stating your purpose shouldn’t be too difficult. In most states, you can just report "perpetual" as the duration for the corporation. To open a business, you will need an Employer Identification Number (EIN). Articles of Incorporation are a set of formal documents that contain basic information needed to form an incorporated business (or corporation). Incorporator's (or Officers’ or Directors’) Names and Addresses.
First, you should keep a copy when you file them. Please help us continue to provide you with our trusted how-to guides and videos for free by whitelisting wikiHow on your ad blocker. In Massachusetts, the office is called the Secretary of the Commonwealth. Fees for filing articles of incorporation can vary widely among states, from less than $100 up to around $1,000. By David M. Steingold, Contributing Author. These usually include the name and address of each incorporator -- the people who participate in creating the articles -- the name of the person responsible for drafting the articles and the name, address, email address, and phone number of a contact person. A corporation is the most complicated business form to create in New Jersey. Copyright 2020 Leaf Group Ltd. / Leaf Group Media, All Rights Reserved. There are two ways to open a company in the USA: hire a business lawyer for this or do it yourself.
However, where there is more than one incorporator, each incorporator generally is required to sign the articles of incorporation. To avoid rejection, you will need to do a search of business names already registered in your state. When deciding how many shares to authorize, keep in mind that, in many states, the cost for filing the articles of incorporation may in part depend on the number of authorized shares, and for small businesses it often makes sense to authorize only as many shares as will result in the minimum filing fee.
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